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Tuesday, March 21, 2023
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    One shot in Nairobi as police engage Azimio protesters in running battles – PHOTOS

    One shot in Nairobi as police engage Azimio protesters in running battles – PHOTOS

    NTV journalists stoned as irate protesters clash with police in Kibera

    NTV journalists stoned as irate protesters clash with police in Kibera

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    Raila’s #Maandamano protest march – VIDEO

    Murder or suicide? Police investigate death of Geoffrey Mwathi while visiting Kikuyu singer DJ Fatxo’s apartment

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    Body of a Kenyan student who drowned in Australia arrives in the country for burial

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    DPP drops charges against Matiang’i and lawyer Danstan Omari

    South African rapper Costa Titch Dies after collapsing on stage

    South African rapper Costa Titch Dies after collapsing on stage

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    TECNO launches Spark 10, Spark 10 Pro in Kenya

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    Tala, M-Kopa get green light to continue with operations

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    Itumbi wants Matiang’i probed over Sh1.5 billion Ruaraka land scandal

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    I was forced to release Sh15bn days before election, says budget boss

    I was forced to release Sh15bn days before election, says budget boss

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    Tuskys closes its Kenyatta Avenue branch

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    ‘Everything Everywhere All at Once’ wins Oscar for best picture

    ‘Everything Everywhere All at Once’ wins Oscar for best picture

    South African rapper Costa Titch Dies after collapsing on stage

    South African rapper Costa Titch Dies after collapsing on stage

    Comedian Chris Rock tackles Oscars slap in new Netflix special

    Comedian Chris Rock tackles Oscars slap in new Netflix special

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    Arya Starr arrives in Kenya ahead of Shoke Shoke festival

    ‘The Real Housewives Of Nairobi’ breaks streaming records

    ‘The Real Housewives Of Nairobi’ breaks streaming records

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    TECNO launches Spark 10, Spark 10 Pro in Kenya

    TECNO launches Spark 10, Spark 10 Pro in Kenya

    itel launches cost-effective smartphone A60 with 6.6 HD+ screen and 5000mAh battery

    itel launches cost-effective smartphone A60 with 6.6 HD+ screen and 5000mAh battery

    Elon Musk takes control of Twitter, fires executives

    Twitter hit with one of the biggest outages since Elon Musk took over

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    Phantom V Fold: Tecno launches latest foldable flagship smartphone at MWC

    Netflix plans to stop password sharing

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    Facebook

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    China’s top tech billionaire and dealmaker Bao Fan goes missing

    China’s top tech billionaire and dealmaker Bao Fan goes missing

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    Netflix plans to stop password sharing

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    Salah misses penalty as Bournemouth beat Liverpool

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    Liverpool thrash Man Utd 7-0

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    What to expect in EPL this weekend

    Arsenal reclaim top spot after dramatic finish at Villa

    Arsenal reclaim top spot after dramatic finish at Villa

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    Ghanaian footballer Christian Atsu found dead under rubble in Turkey

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    Man City charged by Premier League with numerous breaches of financial rules

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    Kenya rugby legend Collins Injera retires

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    Collins Injera inducted into Fiji’s Rugby Town Walk of Fame – PHOTOS

  • Events
    195 students graduate at Aga Khan University as it turns 40

    195 students graduate at Aga Khan University as it turns 40

    Arya Starr arrives in Kenya ahead of Shoke Shoke festival

    Arya Starr arrives in Kenya ahead of Shoke Shoke festival

    Meet V4texx resident band for Quincy Jones’s bar in Dubai

    Meet V4texx resident band for Quincy Jones’s bar in Dubai

    The Queen Is Back: Beyoncé announces ‘Renaissance’ World Tour

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    An inside look at The Dubai shopping festival

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    Tecno launches The Bold, Extra-Ordinary And Eco-Friendly Phantom X2 starting at Sh68,000

    Mapenzi Wewe: Drama in Dubai involving wife and Karen Nyamu at Dubai concert with Samidoh – VIDEO

    Mapenzi Wewe: Drama in Dubai involving wife and Karen Nyamu at Dubai concert with Samidoh – VIDEO

    TRAVEL IDEAS: BUDX FIFA FAN FESTIVAL, DUBAI THE WORLD BIGGEST WORLD CUP WATCH PARTY

    TRAVEL IDEAS: BUDX FIFA FAN FESTIVAL, DUBAI THE WORLD BIGGEST WORLD CUP WATCH PARTY

    Guinness celebrates the fans who make matchdays shine brightest with new campaign

    Guinness celebrates the fans who make matchdays shine brightest with new campaign

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  • Home
  • News
    One shot in Nairobi as police engage Azimio protesters in running battles – PHOTOS

    One shot in Nairobi as police engage Azimio protesters in running battles – PHOTOS

    NTV journalists stoned as irate protesters clash with police in Kibera

    NTV journalists stoned as irate protesters clash with police in Kibera

    Raila’s #Maandamano protest march – VIDEO

    Raila’s #Maandamano protest march – VIDEO

    Murder or suicide? Police investigate death of Geoffrey Mwathi while visiting Kikuyu singer DJ Fatxo’s apartment

    DCI to interrogate persons of interest in phase two of Geoffrey Mwathi death probe

    Fuel

    Epra increases Super Petrol prices by Sh2 per litre

    Maxine Wahome to be charged with murder of boyfriend Asad Khan

    Maxine Wahome’s family defends her innocence ahead of plea taking

    Body of a Kenyan student who drowned in Australia arrives in the country for burial

    Body of a Kenyan student who drowned in Australia arrives in the country for burial

    Matiang’i to return in two weeks says lawyer

    DPP drops charges against Matiang’i and lawyer Danstan Omari

    South African rapper Costa Titch Dies after collapsing on stage

    South African rapper Costa Titch Dies after collapsing on stage

  • Business
    TECNO launches Spark 10, Spark 10 Pro in Kenya

    TECNO launches Spark 10, Spark 10 Pro in Kenya

    Tala, M-Kopa get green light to continue with operations

    Tala, M-Kopa get green light to continue with operations

    Fuel

    Epra increases Super Petrol prices by Sh2 per litre

    Itumbi wants Matiang’i probed over Sh1.5 billion Ruaraka land scandal

    Itumbi wants Matiang’i probed over Sh1.5 billion Ruaraka land scandal

    You can now withdraw your Fuliza limit at an M-Pesa agent

    Users stranded after overdraft service Fuliza crashes

    itel launches cost-effective smartphone A60 with 6.6 HD+ screen and 5000mAh battery

    itel launches cost-effective smartphone A60 with 6.6 HD+ screen and 5000mAh battery

    I was forced to release Sh15bn days before election, says budget boss

    I was forced to release Sh15bn days before election, says budget boss

    Elon Musk takes control of Twitter, fires executives

    Twitter hit with one of the biggest outages since Elon Musk took over

    Tuskys closes its Kenyatta Avenue branch

    Tuskys closes its Kenyatta Avenue branch

  • Entertainment
    • All
    • Movie
    • Music
    ‘Everything Everywhere All at Once’ wins Oscar for best picture

    ‘Everything Everywhere All at Once’ wins Oscar for best picture

    South African rapper Costa Titch Dies after collapsing on stage

    South African rapper Costa Titch Dies after collapsing on stage

    Comedian Chris Rock tackles Oscars slap in new Netflix special

    Comedian Chris Rock tackles Oscars slap in new Netflix special

    Arya Starr arrives in Kenya ahead of Shoke Shoke festival

    Arya Starr arrives in Kenya ahead of Shoke Shoke festival

    ‘The Real Housewives Of Nairobi’ breaks streaming records

    ‘The Real Housewives Of Nairobi’ breaks streaming records

    Samidoh’s wife reacts after controversial photos with Karen Nyamu emerge

    Samidoh’s wife reacts after controversial photos with Karen Nyamu emerge

    Netflix plans to stop password sharing

    Netflix reduces subscription prices in Kenya

    Sanaipei Tande: This is why I left ‘Kina’ TV series

    Sanaipei Tande: This is why I left ‘Kina’ TV series

    Meet V4texx resident band for Quincy Jones’s bar in Dubai

    Meet V4texx resident band for Quincy Jones’s bar in Dubai

  • Tech
    23-year-old student emerges winner of Save The Children’s Digital Innovation Challenge

    23-year-old student emerges winner of Save The Children’s Digital Innovation Challenge

    TECNO launches Spark 10, Spark 10 Pro in Kenya

    TECNO launches Spark 10, Spark 10 Pro in Kenya

    itel launches cost-effective smartphone A60 with 6.6 HD+ screen and 5000mAh battery

    itel launches cost-effective smartphone A60 with 6.6 HD+ screen and 5000mAh battery

    Elon Musk takes control of Twitter, fires executives

    Twitter hit with one of the biggest outages since Elon Musk took over

    Phantom V Fold: Tecno launches latest foldable flagship smartphone at MWC

    Phantom V Fold: Tecno launches latest foldable flagship smartphone at MWC

    Netflix plans to stop password sharing

    Netflix reduces subscription prices in Kenya

    Facebook

    It will cost you Sh1,200 to get verified on Instagram and Facebook

    China’s top tech billionaire and dealmaker Bao Fan goes missing

    China’s top tech billionaire and dealmaker Bao Fan goes missing

    Netflix plans to stop password sharing

    Netflix plans to stop password sharing

  • Sports
    Salah misses penalty as Bournemouth beat Liverpool

    Salah misses penalty as Bournemouth beat Liverpool

    Liverpool thrash Man Utd 7-0

    Liverpool thrash Man Utd 7-0

    What to expect in EPL this weekend

    What to expect in EPL this weekend

    Arsenal reclaim top spot after dramatic finish at Villa

    Arsenal reclaim top spot after dramatic finish at Villa

    Ghanaian footballer Christian Atsu found dead under rubble in Turkey

    Ghanaian footballer Christian Atsu found dead under rubble in Turkey

    Man City beat Arsenal to go top in Premier League title fight

    Man City beat Arsenal to go top in Premier League title fight

    Man City charged by Premier League with numerous breaches of financial rules

    Man City charged by Premier League with numerous breaches of financial rules

    Kenya rugby legend Collins Injera retires

    Kenya rugby legend Collins Injera retires

    Collins Injera inducted into Fiji’s Rugby Town Walk of Fame – PHOTOS

    Collins Injera inducted into Fiji’s Rugby Town Walk of Fame – PHOTOS

  • Events
    195 students graduate at Aga Khan University as it turns 40

    195 students graduate at Aga Khan University as it turns 40

    Arya Starr arrives in Kenya ahead of Shoke Shoke festival

    Arya Starr arrives in Kenya ahead of Shoke Shoke festival

    Meet V4texx resident band for Quincy Jones’s bar in Dubai

    Meet V4texx resident band for Quincy Jones’s bar in Dubai

    The Queen Is Back: Beyoncé announces ‘Renaissance’ World Tour

    The Queen Is Back: Beyoncé announces ‘Renaissance’ World Tour

    An inside look at The Dubai shopping festival

    Lessons from Dubai: Why Kenya is missing out on shopping tourism trillions

    Tecno launches The Bold, Extra-Ordinary And Eco-Friendly Phantom X2 starting at Sh68,000

    Tecno launches The Bold, Extra-Ordinary And Eco-Friendly Phantom X2 starting at Sh68,000

    Mapenzi Wewe: Drama in Dubai involving wife and Karen Nyamu at Dubai concert with Samidoh – VIDEO

    Mapenzi Wewe: Drama in Dubai involving wife and Karen Nyamu at Dubai concert with Samidoh – VIDEO

    TRAVEL IDEAS: BUDX FIFA FAN FESTIVAL, DUBAI THE WORLD BIGGEST WORLD CUP WATCH PARTY

    TRAVEL IDEAS: BUDX FIFA FAN FESTIVAL, DUBAI THE WORLD BIGGEST WORLD CUP WATCH PARTY

    Guinness celebrates the fans who make matchdays shine brightest with new campaign

    Guinness celebrates the fans who make matchdays shine brightest with new campaign

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Prices of bread, infant milk to increase by 16%

Naihaps by Naihaps
May 10, 2021
in Business, Featured, News
Reading Time: 2 mins read

The ever thinning revenue sources amid an increasing expenditure at a time when the country is battling the Covid-19 pandemic has had the government relook its strategies as it seeks to raise at least half of the Sh3.6 trillion budget in this financial year.

The taxpayer they will have to bear the burden and pay the ultimate price as the Kenya Revenue Authority (KRA) seeks to bridge its tax shortfall.

Some proposals in the finance bill set to see food prices rise significantly should the National Assembly give the proposals a nod

Among the basic commodities that are set to be affected by the proposed taxation measures include bread whose cost is set to increase as the government imposes a 16 percent vat on the commodity.

A loaf of bread which is currently retailing at Sh50 will go up by Sh8.

Infant powder milk has also been targeted, the price set to go up after the imposition of a 16 percent taxation.

Borrowers will also be hard hit by the new proposal which subjects loans to a processing fees of 20 percent excise duty, this means lenders will pass the cost to the borrowers making loans more expensive.

This not withstanding the fact that the government already removed the capping on interest rates and allowed banks to charge in line with the central bank rate.

And in what is likely to drive out a number of players in the extractive industry to some neighbouring countries, the bill seeks to introduce a 10 percent duty on the operations relating to oil, gas and mining.

The tax measures contained in the 2021 Finance Bill however has good news for internet users who will benefit from lower charges as those buying internet data services in bulk for onward selling will be able to credit excise made to the supplier, thereby passing on the gains

In the 2021/2022 budget policy statement, the National Treasury revealed that it was anticipating an over Sh140 billion rise in interest payments on public debt this expected to eat further into the country’s revenue.

Tags: BreadInfant MilkTax
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